UCP misses by $0.31, beats on revenue


UCP (UCP): Q1 EPS of -$0.32 misses by $0.31.

Revenue of $25.6M (+116.9% Y/Y) beats by $5.87M.

Comments (1)
  • gsterling
    , contributor
    Comments (1423) | Send Message
     
    Don't let the headline numbers fool you. The UCP story is very good. The EPS 'miss' (which is most likely due to analysts not doing their homework) is the result of higher G&A. UCP is doubling the amount of developments this year and they already ramped up their forces in advance so they will not need to increase their G&A significantly. They delivered 52 homes this Q but orders are progressing nicely. Last Q they only had 40 home sales, this Q they did 84! As they open more developments this year expect that number to increase.
    9 May 2014, 09:21 AM Reply Like
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